WINSTON-SALEM, N.C., Feb. 21, 2012 /PRNewswire-USNewswire/ -- Wake Forest Baptist Medical Center has opened the doors to Wake Forest Biotech Place, a new state-of-the-art, world-class 242,000 square foot biotechnology research and innovation center designed to allow more growth of Wake Forest Baptist's many renowned research departments and create incubator space to promote start-up companies generated by researchers' discoveries and space for established biomedical research companies.
Biotech Place is Wake Forest Baptist's newest research facility and its sixth building in the growing Piedmont Triad Research Park (PTRP), a large section on the eastern edge of downtown that has seen low utilization for decades. The premier facility is located at the corner of Fifth Street and North Patterson Avenue and is comprised of two completely restored former tobacco facilities once owned by R.J. Reynolds Tobacco Co. and donated by the tobacco giant to PTRP. Baltimore-based Wexford Science & Technology, LLC, completed the careful restoration and retrofitting of the buildings, creating a unique structure in only 18 months at a cost of more than $100 million, making Wake Forest Biotech Place the largest capital investment for a construction project in the history of downtown Winston-Salem.
"The opening of this modern, high-tech research and innovation center represents a major milestone in Wake Forest Baptist's development and growth of a new biotechnology-based economy in Winston-Salem designed for the 21st century," said John D. McConnell, chief executive officer of Wake Forest Baptist Medical Center. "We are heralding a new era of social and economic progress for current and future generations that will bring new jobs, new businesses, and medical breakthroughs to the people of Winston-Salem, Forsyth County, North C
|SOURCE Wake Forest Baptist Medical Center|
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